Mises Daily
Author:
Mateusz Machaj
Online Publish Date:
ideology, which apparently has a universal cure for the economy: government policies. Again, it may be fiscal policy, or monetary policy. Pick a version of your Keynesian story, and you’ll know wasted assets of the banks, mortgage based securities, are being exchanged (via innovative “TAF” and “TSLF” operations) by the Fed for government bonds in order to